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blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear for the next ten years. sir, are you sure? we'll have the details four on that debate and doesn't forget free market capitalism is always the best path to ross peter. later in the show we'll show you a violation of it that blows my mind. i'm kudlow. we'll be right back. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. see lioutdoors, or in.ight. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little bett
to meet with house democrats. >> economy is trying to give us signs it wants to launch. the president wants to be there to make sure that the 535 elected members in congress. and the individual american people elected to be president of the united states are ready to launch with the economy. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise. >> i think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasd
be a great power. grow rich, but remain a one- party state. >> as the economy continues to thrive, much of the west is locked in uncertainty. what can nation's land from ,ountries like china, mexico and brazil? that is the topic addressed by the dean of new york university in his new book "turnaround." what do you think? this idea there needs to be political freedom in china in order to have economic growth. delimiteral freedom on economic growth? >> places that are free, we see economic growth in both places. democracy has its own fruits. democracy has also sometimes struggled with economic change. both systems can produce austerity. >> are their commonalities in those countries that have had significant economic growth? are the things they have done that have succeeded? >> yes. there are three keys to prosperity. this a plan, clarity, -- discipline, it clarity, and trust. policy,ontext of fiscal they have been able to save for a rainy day. when times are good, you have a cushion when things are not so good. >> this was pointed out in the 2008 crash. or a decade, the west dictating the
to give the state all of our resources which would be at least 3 billion euros to help the economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initially we know that banks were going to be closed up until tomorrow but at this point there's a lot of speculation that banks will be closed up until tuesday because monday is another bank holiday and at this point it's very, very uncertain that we'll get a viable plan b to get the bailout deal in place at this point it doesn't look like we'll get it by tomorrow. at this point we are expecting that banks are going to be closed for a little bit longer. of course that
are for better or worse, ingrained features of the american economy. since when did cutting the deficit become such a big budget priority. we'll discuss the gop's attention deficit disorder when the ranking member of the house budget committee, congressman chris van holland joins us, just ahead. >>> time for the your business entrepreneur of the week. las vegas anesthesiologist took his experience in the e.r. and created a hangover cure, using an iv-administered formula. he put it on a bus, treating suffererses up and down the strip. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power of german engineering. right now lease on
the world's second largest economy, after the united states. and it is the second largest foreign holder of u.s. debt, about 7.5% of the total. but the two nations' economic relationship has been marred recently by allegations of widespread cyber-attacks on american targets. >> increasingly, u.s. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyber intrusions emanating from china on an unprecedented scale. >> woodruff: china's foreign minister initially dismissed the allegations, but on tuesday a spokeswoman took a different tone. >> ( translated ): what the internet needs is not war but rules and cooperation. china is willing, on the basis of the principles of mutual respect and mutual trust, to have constructive dialogue and cooperation on this issue with >> woodruff: u.s. officials welcomed that statement, and today, white house press secretary jay carney said president obama telephoned xi to congratulate him on his election. as for the cyber-attack issue... >> i can
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to yo pbs station froviewers like you thank yo >> woodruff: china officially installed its new leader today. xi jinping took the final step in affirming his status, adding the post of president to his other positions of power. the delegates arriving at beijing's great hall of the people had been carefully selected. and once inside, they did just as expected, formally electing xi jinping as president. ( applause ) he was the only candidate, and won 2,952 votes. a lone delegate voted no, and three abstained. >> ( translated ): it meets the popular expectations, and it meets the expectations of the chinese people and t
for a retirement crisis even as the stock market sits near highs and the economy shows improvement. host: so we're getting your take on this. your retirement andization. tell us if you are and why and if you are not, why not? it's a story in the "usa today" as well this morning confidence in retirement continues to flail about this report, because americans have to cope with many immediate financial concerns retirement is taking a backseat. only 2% of workers and a% of retirees say retirement is their most pressing issues. among other worries -- host: at least many americans have a more realistic perspective about retirement says the senior vice president of retirement and investor services at the principle financial group. host: in arkansas, a democrat, are you saving? caller: yes, i save every penny i can get my hands on. host: 401-k or how are you saving? caller: c.d.'s and bank accounts that are ensured. host: why not put it in the market? caller: i can't afford to lose it. i've seen too many people lose their behinds and with what little money i've saved all my life, i can't afford to lose
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, his self-deprecating umore led
's less impinging on the economy. you keep hearing the economy is ready to take off. if we can get the government out of the way for a couple years we can get some really nice growth and that will change things up and i think they are sceeding in denuclearizing our conflicts. no fiscal cliffs, no debt defaults. let the economy grow for a change. >> woodruff: what are you hearing. >> the government has to get out of the way, i love that. that's a great one after what we've been through in this country with absolutely no control. and we just learned again this week that the bank's too big to fail, too big to be reprimanded, controlled by the federal government. but i'd say this, judy. there's an old line in politics you dance with the girl who -- barack obama didn't do that. for the past seven years he's gone into hundreds if not thousands of rooms, people with large egos, people with great accomplishments, people who are great skeptical toward him and he went in and he charmed them to the point not only they supported him they wrote checks for him. he comes to washington and that s
, eventually as the economy recovers, slowly recovers, that's going to go up. don't forget natural gas. it's becoming a very r v real threat. >> i don't have a lot of time to make good op a bet, but i'll win this bet. phil, what could get in the win of your predictions? >> well, basically, the government's getting involved in fracking and going away from it, but, you know, i don't think the governments can get away from this. we have seen this in history before, neil. we go from cycles. remember the first time we had peak oil, a few years ago, running out of oil; right? we talked about whale oil. the market builds a better mouse trap, and right now, we are at the most significant juncture in u.s. energy. we're going to change the energy mix as we know it going forward. how you thought about energy five years ago totally changed. neil: i don't know. you have your own white puff of smoke you had today, i want to thank you, and speaking of the other big story of the day, white smoke means, as you know by now, we have a new pope, in fact, we have the first latin american pope putting a stamp o
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk this morning. the dow has reached a ninth straight up session. is the market due for a correction? we've been talking about that for a long time. let's start that discussion. we have a couple of people joining us. gene peroni, senior vice president and portfolio manager at advisers asset management. we have joe kinehan. and on set, david pearson, senior vice president and chief economist at nationwide insurance. do we think a correction is coming? >> you know, there are corrections all the time. as long as the fed keeps monetary policy with pedal to the metal expansion and the economy is growing, then the trend in the stock market should be up. >> i'm going to go to santoli. do you think a correction is coming? >> i thought the ingredients we
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lots of money into local economies. >> the san francisco controller's office came out with a report last year that said $4.2 billion was pumped into the san francisco economy from the nightlife directly. >> it would probably be bad for, like, police enforcement, those having to do their job more. >> there's a school of thought goes, wait a minute, there's nothing good that happens after 2:00. [ laughter ] >> i don't know. a lot of good things happen after 2:00! [ laughter ] >> reporter: just so it's clear, the law as it stands now allows some places to stay open until 4:00 am. they just have to cut off alcohol at 2:00 am. back here, they have to cut it off at 2:00 am, and everybody has to go home at 1:00 am. >> so are people worried that by keeping the bars open longer, it may lead to more problems like fighting and even duis? >> reporter: that is a good question. and the senator said they looked at the scientific data in other cities that do this, las vegas, and new orleans, and there are no facts to support what you might suppose, that there is an uptick in traffic wrecks and deat
is -- we've got two crisises going on. one we are in a job crisis, a slow economy, and how do you address that, austerity and cuts, spending cuts, and raising taxes, and the republicans are right about that raising taxes slows the economy, cutting spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under
are warning that the unprecedented measure could scare away investors from the eurozone's weaker economies. --separate's president cypress's president has just addressed the nation. what did the president have to say? he calmed the situation? >> he appeared on television in the last 20 minutes or so. he just wrapped up his speech, very sober. he said he fully undertakes the ,esponsibility for his actions and the solution to cyprus's economic woes. he said, this is not what we wanted to do, but it is the least painful under the circumstances. the lessn his words, worse of two evils. he said, we are trying to avoid these viciou the vicious circled memorandum. he said that he would respect the vote of romans, but his job is to try to cobble together a majority to get this past -- parliament, but his job is to try to cobble together a majority to get this passesed. >> cyprian's are stunned. they never dreamed they would be affected personally, that money would be taken from their accounts. they feel like they have been very hard done by, and they desperately oppose this bailout agreement. many
, we like to see that because it means the economy is doing better. of course, we talk how the federal reserve is playing a role in the rallywell. standing behind the economy and keeping the interest rates low and making sure that we can keep this economy bubbling along. so, every day we're watching this and every day it's going higher, harris. >> so you're sitting at home and not a big time investor. watching your retirement funds, is now a good time to put money in stocks. >> the people we're talking to saying he we could have a retrenchment, 2, 5, maybe more on the big board, the dow stocks and that's an opportunity for people to get back in if we have a pullback, that's what i would wait for. if you've got a long time horizon, be in stocks, you want to make sure you're going to fund your retirement with investments that last over a lifetime, not over 20 minutes or two seconds, like the pros sometimes do, harris. >> gerri willis, thank you very much. libyan authorities reportedly holding a person in custody tonight in connection with the terror attack on the u.s. outpost in benghazi
's who he is. he's herbert hoover, he doesn't understand the economy and doesn't understand what's coming. >> that's not true. just for the record that's not factually true, you do realize that. >> bill: and herbert hoover didn't see the depression coming, didn't see that his policies were leading up to the armageddon. >> and that's not the issue-- >> and barack obama doesn't see it either. >> that's a red herring. >> bill: a red herring? >> yeah, you can google that-- >> it's not. it's a historical fact. hoover didn't know it was coming and we all got blasted because he didn't know and the same thing is likely to happen with barack obama. >> i'm not making an argument about herbert hoover. and the argument is whether a balanced budget is necessary for-- >> 20 trillion dollar debt by the time leaves office, that's crazy. >> the question is what kind of debt it is. >> bill: no, money is money. >> that's not true, if i blue through the econoblew through l bush did, and the war and if i investigate in technology on-- >> that's an outlay of money that will not come back to the treasury. if it
're doing. if we have a growing economy but if the leaders of congress can't come together and deal with the sequester and the possible shutdown and we continue to live in these short- short-term crises, it diminishes our strength around the world. it does. >> michael: that seems to be happening. you told us straightforwardly and exactly what it is democratic strategy kiki mclean, thank you for coming in to "the war room" today. >>> undeterred from the angry stares and slack jawed confusion from the media, elizabeth warren continues to speak truth to power. the latest on her introduction to this unique phenomenon in washington that story next. with award winning documentaries that take you inside the headlines. real, gripping, current. documentaries... on current tv. you're invited to take the lysol wipes challenge. try lysol dual action wipes and see the cleaning power. lysol dual action wipes have 2 sides instead of one. a scrubbing side that cleans tough stains better than clorox. and a smooth side for everyday touchups. all while killing 99.9% of germs. take the lysol w
. >>> new report says california's economy will continue to improve with increase business investment and decreasing unemployment numbers. the forecast said it is estimated to grow 2% this year and 3% the following year. in california unemployment is expected to hit 9.6% this year and drop to 8.4 in 2014. >>> report shows retail spending is up despite higher taxes. americans spent at a fast pace in february. experts say the new numbers show people continue to spend even with higher payroll taxes cutting into their take home pay. experts predict a growth for the u.s. economy this year. >>> traders on wall street kept the market's streak going for a 9th day. the dow is up 5 to 14,455. the nasdaq is up 2 at 3,245. the s&p is up 2 to 1,554. >>> a new plan to extend last call has californians and bar managers worried. >> and we had numbers into the low 80s in some neighborhoods. more fog out there now and it will increase tomorrow, that mean as cool down -- means a cool down, how much cooler for your bay area thursday? i will have the details. . >>> we have breaking news right now from in
since 1996 and big banks are upping outlook on the economy and we're going to bring you the real headline after the break. the opening bell is next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> all right. so we're a little less than 50 seconds away from the opening bell. nine straight days of rallies and i've got to tell you, e-mac, the most hated, most stealthy rally in the history of the stock mar
down. >> george bush ruined the economy. obama is trying to save it. >> stephanie: yes, lowest level of spending since eisenhower. rush limbaugh >> so what the left tries to do -- you'll hear this fill this pulpit praise for his behavior towards the poor and people in the thir world, and it's going to be an attempt to soften him up, because eventually what they want him to do is renounce christ. that is the objective of the progressives who oppose the catholic church. >> stephanie: oh! oh! it's progressives that -- you mean alter boy rape? what do we oppose? >> no progressives want the pope to renounce christ. >> stephanie: oh yes, that's on the top of my list. >> huh? >> he is just making stuff up. >> stephanie: and that's why pat boon would come in on fox business channel. >> he is following his play book which is [ inaudible ] rule for radicals. >> come on. >> this is the guy that trained him to be a marksist, a socialist, a progressive -- >> those are not the same things! >> -- but there has to be some kind of reasoning for what he does. he has a plan which he
to this country and to the economy, now. on the eve of another week for the dow, many baby-boomers who rode the rollercoaster, finally seeing a recovery. the dow is finishing a ten-day rally. this is where it will end up in the morning, just over 14,500 points. and tonight, abc's bianna golodryga, tonight, with a couple you met right here on "world news." staying the course worked. >> reporter: family vacations it's what bill and kathy lived for. and what they were planning on when they invested in their 401(k). but like so many others, their nest egg took a hard fall in 2008. when we talked to them in january, they had gotten some good news. >> my retirement went crash. and the recovery has been fantastic. >> reporter: and today? >> 401(k)s have done very well since january. you're up probably around 10%-plus, in a lot of accounts. >> reporter: their accounts have doubled. some tripled since 2009, which means more family vacations. and they're not alone. with the dow having its best run in 16 years. >> starting from an environment where people thought the u.s. economy was really just done
economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbi
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: a decade after the iraq war began, the violence has not abated. today was the bloodiest day this year, as insurgents staged multiple attacks. a high-level minister was assassinated and dozens more died. a warning: our story contains some graphic images. thick, black smoke rose above the sadr city district in baghdad, where a car bomb went off today, in one of several coordinated attacks to rock the iraqi capital. 65 people were killed and more than 100 wounded. in another instance, an explosion ripped through a popular market near baghdad's fortified green zone. >> there is a checkpoint at the main gate, but it is in vain. they do not s
states. but where does the american israeli relationship stand? bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is com
economy is made up of things that matter most, including your career. as those things change, fidelity can help you readjust your are invested, and refocus as your career moves forward. wherever you are today, a investment choices that can fit fidelity investments. turn here. >> bbc world news was presented hi, neighbor! we're going to prince wednesday's castle for a... royal sleepover! sleeping outside is fun too. i'm going to sleep in a tent with my dad and o the owl. this is gonna be grrr-riffic! is made possible in part by... the richard king mellon foundation. dedicated for over sixty years to south western pennsylvania's quality of life, and competitive future. and by these pittsburg foundations. working together to enhance and enrich the lives of children for more than seventy-five years. and by the arthur vining davis foundations. dedicated to strengthening america's future through education. adcasting, dedicated to strengthening america's future and contributions to your pbs station, from viewers like you. ♪ and contributions to your pbs station, ♪ a beautiful day for a neighb
, he believes it could benefit the economy. >> given we compete nationally and internationally for conventions and visitors we're at a disadvantage because our cities zront this option. so that is all it is. imposes nothing on anyone. >> the bill would only apply to bars, restaurants and nightclubs. liquor store closing times will not change. >> news from mars making rounds this week. >> coming up next rover mission at >>> i'm ama daetz. reaction from the city for the historic selection. unique perspectives on the pontiff from local church leaders also a progress report on a fourth floor of the caldecott tunnel. features will make this a roadway. and the life of pi. the number not the movie and the unusual celebration for the math at that time matt cal content. those stories and more coming up at 6:00. dan, cheryl, back to you. >> we're looking forward to seeing that. >> coming up a big week for science and space lover autos a replica of the curiosity landed on the capitol this week. >> it's the same size as curiosity which is exploring mars. it also features first two rovers t
on numerous issues facing the country. china's economy is now the world's second largest, after decades of high-speed expansion. but growth has cooled. incoming companies are growing. and must now compete with lower-paid rivals in other countries. people around china have been protesting to show their discontent. they want leaders to do something about the income gap, and they are calling for an end to rampant corruption. one of xi's biggest tasks would be to keep a lid on arrests and promote stability. this man is an expert on chinese politics. he says a speech he made upon his leadership included challenges he will face in fighting corruption. >> what impressed us the most is the emphasis he put on the importance of fighting corruption. but i was also struck how little xi said about the institutional mechanism to cope with the corruption. so far, it's not clear how xi is going to deal with the corruption. it is very clear that he is quite aware of the seriousness of the issue. >> reporter: as president, xi must provide leadership for his people. he must also guard his country's relati
the fed is pumping into the economy every month. yesterday's introduction of the new pope igniting a social media frenzy. twitter says 130,000 tweets permitted were posted about the new pope. notable considering it wasn't a prime time event. for a short time every trending topic was pope related and only by 6:30 p.m. eastern mentions of bergoglio on facebook were up by nearly 4 million percent. >> is he on twiter? >> i think he is. >> back up, yeah. >> tweeted last night. >> he did. a lot of people are following that. i think the last time we had a pope -- new pope so it wasn't even twitter. this is a whole new phenomenon for catholics to watch this news. meantime, incredible study this morning. more and more parents are stressed out. a new study from pew research. >> wait a minute. someone put money into a study. that's ridiculous. >> more than half of working moms are stressed and dads are right behind them. >> that sounds low. >> parents take on new roles. more moms are work ought side the home today with moms saying they spent 21 hours per week at a paying job, up eight hours f
and a bad economy. that hurts the employment base. the downward trend stretches from the once industrial ohio valley through the plains to parts of california. city of new york reported an all-time population peak of 8.3 million people. for the first time in 60 years, more people moved into new york than moved out. >>> more numbers from the cdc. most americans now admit to talking on their cell phones while driving. a third of us admit to texting or e-mailing while at the wheel. mostly young drivers they say, but the rates of usage here are much higher than in europe. >>> the chinese government asked the people of china to try to stop using disposable chopsticks. they go through 80 billion pair of them every year in china. it's a burden for the nation's forests supplying all the wood. >>> in an unrelated story, the world economic forum is out with the list of unfriendliest nations for world travellers. the top three, bolivia, venezuela, and russia. we posted the entire list including where china ranks on our website tonight. >>> we are back with our making a difference report. doctors sa
investments. take control of your personal economy. >>> the numbers in a survey from the last year 2012 show just 14% of american workers felt they had enough money to retire comfortably. there are good reasons behind that number. americans are living longer for starters. a lot of things including health care cost more and financial markets have been so volatile over the past decade. so a major worry for an entire generation now heading into retirement is how to make savings last long enough. as nbc's chris jansing reports the rules and the math are changing. >> no more hurry. no more pressure. >> reporter: used to be hard work with and company loyalty were rewarded with the good life. >> what with my retirement plan and a few dollars i'd saved, i didn't have a thing to worry about. >> how many are going on these? >> 55. >> reporter: for an increasing number of older americans, that lifestyle is no more than a dream. >> retirement used to be 10 years, now it can be 30 years. that means your money has to last a lot longer. >> reporter: it didn't last nearly long enough for 75-year-old peggy w
because of our resilient economy and our world currency status. we do not have a debt crisis right now but we snow it is coming and happening. >>peter: democratic senator durbin tried to put the comments in context this morning. >> we need to put americans back to work. that is our first priority. deficit reduction is the second priority coupled with economic growth. we can do both. make sure we have deficit reduction. also, do not cut too much too fast. >>peter: anyone trying to handicap the odds of a grand bargain should consider what speaker boehner said today when he told use he doesn't know whether democrats and republicans can come to a big agreement but he did add that he trusts president obama. >>heather: thank you, peter, from washington, dc. >>gregg: senator durbin weighing in on immigration reform today. notwithstanding the major hurdles the senator said an agreement is possible but a hathaway to citizenship need to be answers. >> we are working, hours every week, four democrats, four republicans. we are making progress. there are several problems. we are dealing with border
. >> >> march madness is under construction here at hp pavilion. great for the fans, an economy onto itself. >> >> back here in 10 minutes, you noticed increasing clouds. there is rain in your future. how much you could get and what areas that will see the most. . >>> tom baker live at hp pavilion with the economic boost the ncaa tournament will provide. >> tom? >> reporter: it could be about $20 million. thanks to the big boost from the ncaa, the shark tank is going to be money in the bank for a lot hoff l of local businesses. >> reporter: they must fit together -- these pieces must fit together in a specific order and they must fit together perfectly. >> just 24 hours ago, we found out which teams would be coming. that, right there, means there is a lot more work that needs to be done between thousand an thursday. >> eight teams, including oregon, unlv, oregon drawing fans from far and wide. >> definitely want to see syracuse. you don't get to see east coast teams play over here. >> price seems not to be a hurdle. >> it's defendnily doable in
committee took exception saying that the city had been played. >> the world economy collapsed. >> reporter: he says there wasn't enough money to field a bunch of challengers so the expected revenue from the teams is down from $215 million to just $57 million. buehl took on the task of trying to raise $32 million from private donors to offset city expenses but so far that effort is $8 million short of where it should be. the goal now? just raise enough to keep the city from losing money. >> i honestly believe if larry ellison wins itle be back and ten times as exciting with more times next time. >> would you ever volunteer for this job again? >> if i want to stay mare wouldn't.ried i >> reporter: you you heard steven barkley the head of the event authority saying he didn't like being accused of not doing the right thing. today's hearing may have helped serve to clear the air some. after the hearing he told me he now believes everybody is onboard. recording from the embarcadero, mark matthews, abc 7 news. >>> nice outside where mark was standing. hope you enjoyed the lovely weather because i
proposed that idea, because he says it will boost the local economy. amber lee is live in the city tonight, where some people think extending last call will bring some big headaches. and not just for those who are drinking. >> reporter: frank, we're inside tupelo in the northeast. an area known for its vibrant nightlife. the question is how will it affect businesses and residents. every drink that's poured is money that flows into the economy. the owner of tupelo bar and restaurant says two additional hours of alcohol service will make a difference. >> to allow businesses to maximize their ability to have profits, and san francisco in general, i think has always been a place for people to come for nightlife. >> reporter: if passed, it would allow cities to partner with the state to come up with a plan that would include community input in allowing certain establishments to serve alcohol until 4:00 a.m. supporters say currently, there are at least 25 cities, including chicago, new york, and washington, d.c. which allow alcohol service beyond 2:00 a.m. >> if there were enough employees that
francisco state senator, mark leno has proposed that idea, because he says it will boost the local economy. amber lee is live in the city tonight, where some people think extending last call will bring some big headaches. and not just for those who are drinking. >> reporter: frank, we're inside tupelo in the northeast. an area known for its vibrant nightlife. the question is how will it fect businesses and residents. every drink that's poured is money that flows into the economy. the owner of tupelo bar and restaurant says two additional hours of alcohol service will make a difference. >> to allow businesses to maximize their ability to have profits, and san francisco in general, i think has always been a place for people to come for nightlife. >> reporter: if passed, it would allow cities to partner with the state to come up with a plan that would include community input in allowing certain establishments to serve alcohol until 4:00 a.m. supporters say currently, there are at least 25 cities, including chicago, new york, and washington, d.c. which allow alcohol service beyond 2:00 a.m. >>
the letter, fearing high-tech investors who helped build the venture capital economy will flee to lower tax states. >> the game is rigged. you can't possibly win because we have the right to change the rules after the fact. that is what is not fair. >> governor jerry brown is reviewing the situation. now these taxpayers can request a waiver if you will, david, hoping that the governor, lawmakers hammer out a deal. if no not, no reprieve, taxman comes, 120 million going to the state from about 3,000 people who thought they were helping small business. david? david: it can happen here. it is happening here in california! william la jeunesse. thanks, man. >>> disney world turning some kids away at the park gates. that story when we go "off the desk" in a just a couple minutes. ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances togeth with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports th the launch of
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
? >> it used to be a stock market was a direct barometer of america and america's economy. that is not necessarily the case anymore. main street malaise and frustration is valid. wall street, particularly talking about the dow jones industrial average, talking about the 30 biggest companies in this country, that move is valid as well. these guys are getting profits from outside of this country. the world can't get enough products from ibm. caterpillar 70% of the its business outside of this country. parent company of kentucky fried chicken, they don't care what happens here, the news from china better be good or their stock goes up and down. anywhere near all the cylinders that we could fire on and american public knows there and obviously they're very frustrated by it. martha: what do we have to do to get growth cooking back in this country again, charles? >> i got to tell you, i don't know over the next four years we will have the exact gameplan we need to be quite frank with you. there is different agenda out there controlling things, anti-business, anti-success agenda.
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night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at carnegie.org. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news." funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, union bank, and fidelity investments. >> this is what a personal economy looks like. as life changes, fidelity can help you readjust your investments along the way, refocus as careers change and kids
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